Walter Brasch: The Congressional Budget Office says the sequester could cut more than 750,000 federal jobs. Republicans like that idea, especially since most federal employees are also members of unions. But, those jobs include public health officials, social service workers, teachers, air traffic controllers, and others in critical jobs.
Brent Budowsky: The extreme hard-line attitude of many Republicans has significantly raised the prospects for a national default and rating agency downgrades that would sweep across the nation and many states, causing an economic cataclysm and public outrage unlike anything ever seen in the history of the republic.
Robert Reich: The President has to reframe the debate around the necessity of average families having enough to spend to get the economy moving again. He needs to remind America this is not 1995 but 2011 — and we’re still in a jobs crisis brought on by the bursting of a giant debt bubble and the implosion of total demand.
Earlier this week, at a Washington DC fundraiser, in a statement that can best be described as regressive American exceptionalism, former Republican Speaker Newt Gingrich said of himself: “I am not a citizen of the world. I think the entire concept is intellectual nonsense and stunningly dangerous!” Witness the video below of Mr. Gingrich’s pronouncement [...]